Decline In Bank Financing Yields The First Choice For Treasury Bonds

In the last two years, the interest rate of savings bonds is 3.60% (the number of issuance is very few), the 3 year period is 5%, and the 5 year period is 5.41%, and the interest rate of the savings bond is also descended after the interest rate reduction, the 3 year par rate is 4.92%, and the 5 year ticket annual interest rate is 5.32%.

According to the announcement of the Ministry of finance, two savings bonds will be issued from April 10th to April 19th. The maximum issue amount will be 40 billion yuan, the first period will be 3 years, the annual interest rate will be 4.92%, the maximum issue amount will be 24 billion yuan, the second period will be 5 years, the coupon rate will be 5.32%, and the maximum issue amount will be 16 billion yuan.

Owing to the annual interest payments, the certificate coupon treasury bonds issued at the same coupon rate last month can be partly compounded.

In addition, compared with the current bank fixed deposit, the 3 year fixed interest rate limit is 4.875%, and the purchase of treasury bonds is more cost-effective. In the 5 year period, because of the liberalization of interest rates, the highest local quotation has reached 5.525%, which is higher than the 5.32% of the 5 year treasury bonds. Therefore, it is more cost-effective to deposit high interest rates.

It is worth noting that at least the corresponding interest rate is different from the advance withdrawal of time deposits, and the early withdrawal of savings bonds has the risk of losing money.

According to the rules, since April 10, 2015, investors have held two Treasuries for less than 6 months, and have not paid interest in advance. They have been paying interest for 24 months at full 6 months and deducted 180 days interest rate at the rate of issuance. They have been paying interest for 24 months in less than 36 months at the rate of interest and deducted 90 days' interest; holding second for second months, 36 months, less than 60 months, and paying interest at the issuing rate and deducting the interest of 60 days.

In addition, the fee of 1 per cent of the principal will be charged ahead of schedule.

That is to say, if you buy 100 thousand yuan treasury bonds for less than 6 months, there is no interest to be paid, and you have to pay 100 yuan to the bank.

It is also understood that investors can handle two national treasury bonds, personal accounts and enquiries through ICBC, Bank of agriculture, Bank of China, China Construction Bank, Bank of China and other 10 banks.

The members of the underwriting group of the savings bonds sell the national debt every day not earlier than 8:30, not later than 16:30.

"Originally

When bad, many young investors have begun to turn to the Treasury bond market. At present, the capital market is hot. From the recent sale of treasury bonds, the middle and old age is the main force of investment, and the figure of young people is becoming less and less.

Chen manager, a lobby manager of Hongkong Zhonglu, CITIC Bank, told reporters.

Indeed, middle aged and elderly are the main force in saving treasury bonds.

A recent survey shows that the majority of investors who buy treasury bonds are over 40 years old.

Among them, 40 to 60 years old middle-aged people up to 57.8%, 60 years old or older accounted for 23.1%.

The number of buyers under 40 is relatively small, only 19.1%.

"Middle aged and old people are looking for savings.

The stability of the income and the reliability of the repayment, the choice of treasury bonds proceeds as a safe investment way; the young people, because of their strong risk tolerance, generally choose high risk and high yield financial products such as stocks, funds, commercial banks, financial products, etc.

Chen Yanyan said.

At present, some commercial banks in the island have fixed interest rates in the same period.

On the basis of floating up 20%, the gap between treasury bonds and regular savings has also shrunk. The reporters saw that there are bank deposits with a fixed interest rate of 4.5% years and a 5 year interest rate of 5.225%. Compared with the national debt, the rate is only 0.42 percentage points and 0.095 percentage points lower than that of the national debt, and the gap between the 5 years is almost.

Compared with bank financial products, as the stock market is hot, the earnings of bank structured financial products have soared. The reporter has seen that the proceeds from the joint venture financial products launched by China Merchants Bank and Agricultural Bank have reached 9% and 8%. The current issuance of robust bank financial products is also higher than that of savings bonds. For example, a 360 day financial product of Qingdao bank started at 50 thousand yuan, with a yield of 5.75%, and a 50 thousand yuan start of the CITIC Bank's 321 day financial product income also reached 5.75%.

In recent years, commercial banks are offering high yield guaranteed financial products, with an annual yield of around 5.80%.

"Savings bonds have not yet formed a two level trading market, and cash realisation can only be achieved through payment in due course, payment in advance and mortgage loans in three ways.

If the Treasury bonds held for less than half a year are paid ahead of schedule, in addition to interest losses, they will also receive a fee of 1 per cent of principal and a large loss in liquidation.

In case of hypothecation loan, the original purchase bank should apply for the loan according to the relevant regulations.

Compared with bank financial products, there is a big gap in the liquidity of savings bonds.

Chen Yanyan, a bank financial planner in Qingdao, said.